Newsummit Launches $100 Million Fund for US Medical Device Makers

Newsummit Pharmaceutical Group teamed up with the Cleveland Bio Fund in a $100 million effort to help US biomedical device companies to commercialize their products in China. The funds were raised in China, where Newsummit is located. Cleveland Bio Fund will identify Cleveland-area medical device companies with US-approved products that haven’t been able to bring their products to China. Once all the candidates in the Cleveland area have been examined, the fund will widen its search to include companies from elsewhere in the US. More details.... Share this with colleagues:   var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});